Cybersecurity is one of the most significant challenges that businesses of all sizes face. As technology progresses and changes, business owners are experiencing more cybersecurity threats than ever before. Add to this the economic impact that the COVID pandemic has inflicted on organisations, and we see a direct impact on IT and security spending.
Expenditure on risk management and information security technology is already showing a far smaller increase, compared to the original expectations that were predicted at the start of 2020.
Cybersecurity is a complex issue to address, and for it to protect companies effectively, they need the latest technology and the services of skilled security experts. These budget constraints are putting businesses under even more pressure, at a time when they need to be increasing the scope of their cybersecurity.
Businesses need to stay ahead of cybercriminals and the threats they pose. They need to identify and respond to threats and meet the cybersecurity compliance requirements and regulations set out by the UK government and other countries in which they operate. To achieve this goal, more businesses are outsourcing their cybersecurity.
There are many reasons why businesses are turning to outsourcing, and here we take a look at three of the main benefits.
1. Access to cybersecurity professionals with more significant experience and broader skills
Cyber threats are continually evolving, and this makes them easy to overlook. Businesses need a talent pool with specialised skills and knowledge to keep ahead of potential risks. Skills need to be continually kept up to date and honed if they are to be effective.
Keeping an up to date skill set through training puts an even more significant strain on time. It can seem almost impossible to balance priorities, and often, training and education take a back seat. Only a quarter of businesses in the UK have enabled their cybersecurity staff to undertake training in the past year, leaving three out of four firms vulnerable to the latest cyber threats and criminal techniques.
A lack of ongoing staff training results in skill gaps. These gaps appear in crucial areas such as incident response, security architecture, penetration testing, and forensic analysis. When a business turns to outsource its IT security, they gain access to experts who have up to date knowledge on the current techniques and methods used by cybercriminals. They also have access to collective expertise with independent points of view and experience in many different industries and sectors.
2. Overcome the costs and fatigue of in-house teams
There is a global shortage of IT cybersecurity professionals, and this correlates directly to the expense of acquiring and retaining an in-house security team. Businesses find it difficult or impossible to find the right people.
Many companies depend on small in-hours teams of just one to three people. These small teams do not have enough time to complete the role, and they are likely suffering from fatigue. Employee fatigue can leave organisations vulnerable and unprotected during times of employee absence.
Cybersecurity is a demanding role, and a small team will find it tough, if not impossible, to stay on top of security threats. Even if a business relies on technology for cybersecurity, the ongoing task of monitoring, configuring, fine-tuning, and investigating a large number of alerts, can put extreme demands on an in-house team.
The strains of finding enough appropriately experienced personnel are amplified when businesses need 24/7 monitoring and vulnerability management. The demand for 24-hour cover is increasingly common in our world, where more products and services are available online. To adequately cover a 24-hour operation, a company will need three cybersecurity staff teams, rotating over three eight-hour shifts.
Salary costs can quickly mount, so it makes financial sense to outsource cybersecurity monitoring and opt for a subscription-based operating expense.
3. Effective technology management and scalability
Many companies fall into the trap of investing heavily in technology and tools for their network, which ultimately does not deliver a good return on investment. It is difficult for a small in-house cybersecurity team to choose the right technologies. It is also time-consuming because out of the box solutions need configuring with the integration of threat intelligence and rule sets. Out of box solutions also need maintenance to ensure they provide continuity and performance.
Outsourcing technology management will ensure the right technology and tools are network integrated and monitored. Using a dedicated cybersecurity firm dramatically reduces the risks of using outdated tools that have become obsolete.
Outsourcing also saves businesses money when it comes to scaling up cybersecurity defences quickly. Scalability is an essential element to consider and vital when companies need to pivot. Pivoting is something many businesses are increasingly having to do as the economy shifts and reacts in response to incidents such as the coronavirus pandemic.
In-house teams rarely have the workforce or time to research what new security infrastructure and IT are needed. The need to scale up or pivot often results in recruitment requirements, which can be costly in terms of budget and time. Outsourcing is the easiest route to acquiring the flexibility and ability to adapt.
Outsourcing your cybersecurity
Outsourcing your cybersecurity can seem like a daunting task. Still, when you find the right partner, your security concerns will be alleviated.
OmniCyber Security has vast experience in the cybersecurity sector. We supply cost-effective and efficient services and consulting. We have a flexible approach and create bespoke cybersecurity packages to meet the needs of your business.
To talk to us about outsourcing your cybersecurity, contact us.